Margaret Reynolds - 26 Jul 2023 Form 4 Insider Report for REPUBLIC SERVICES, INC. (RSG)

Role: Director
Signature: /s/ Lauren McKeon, Attorney-in-Fact
Issuer symbol: RSG
Transactions as of: 26 Jul 2023
Net transactions value: $0
Form type: 4
Filing time: 28 Jul 2023, 17:56:04 UTC
Next filing: 17 Oct 2023
SEC: View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	RSG	Restricted Stock Units	Award	$0	+656		$0.000000	656	26 Jul 2023	Common Stock	656		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each non-management director is annually granted restricted stock units "RSUs" as of the first business day in January. The grant is based on a value on the date of grant of $230,000, with the number of RSUs calculated based on the closing stock price of the Company's common stock on the date of grant. The RSUs immediately vest, however, the director cannot convert any of the RSUs to Company common stock - based on 1 on 1 conversion - until the earlier of the last day of the month in which the three-year anniversary of the date of the award occurs unless deferred by the director or the date on which the director incurs a separation from service. For a newly appointed director, the RSU grant is prorated to the number of remaining days in the calendar year. After any quarter in which dividends are distributed to shareholders, the director receives additional RSU equivalents.
F2	Reporting Person was appointed to the Company's Board on 07/26/2023. She was granted 656 RSUs as of 07/26/2023 ("Date of Grant"), based on the closing stock price of $152.87 as of the Date of Grant, and pursuant to the Company's 2021 Stock Incentive Plan. The RSUs are scheduled to convert to shares of the Company's common stock as of 07/31/2026.

Content

Each non-management director is annually granted restricted stock units "RSUs" as of the first business day in January. The grant is based on a value on the date of grant of $230,000, with the number of RSUs calculated based on the closing stock price of the Company's common stock on the date of grant. The RSUs immediately vest, however, the director cannot convert any of the RSUs to Company common stock - based on 1 on 1 conversion - until the earlier of the last day of the month in which the three-year anniversary of the date of the award occurs unless deferred by the director or the date on which the director incurs a separation from service. For a newly appointed director, the RSU grant is prorated to the number of remaining days in the calendar year. After any quarter in which dividends are distributed to shareholders, the director receives additional RSU equivalents.

Reporting Person was appointed to the Company's Board on 07/26/2023. She was granted 656 RSUs as of 07/26/2023 ("Date of Grant"), based on the closing stock price of $152.87 as of the Date of Grant, and pursuant to the Company's 2021 Stock Incentive Plan. The RSUs are scheduled to convert to shares of the Company's common stock as of 07/31/2026.